Buyers
Buy a Miami condo
People comparing rent vs buy, touring buildings, and writing offers. Budget with HOA in the payment, pick a building that can be financed, then contract, inspect, and close without skipping the docs.
1. Getting started
Usually 1–3 weeksKnow your payment stack — mortgage, HOA, tax, insurance — before you fall for a view. Pre-approval for a Miami condo is about the building as much as your credit.
- Run affordability with a real HOA number, not a national average.
- Compare rent vs buy if you are not sure you will stay five-plus years.
- Get a condo-aware pre-approval; tell the lender the building name early.
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2. Searching
As long as you needTour units, then underwrite the association. SIRS, reserves, rental caps, and insurance are why two similar-looking Brickell towers are not the same purchase.
- Ask for SIRS, milestone, budget, and pending assessments before you offer.
- Read rental restrictions if you might lease later.
- Walk the building at night and on a weekend — noise and operations show up then.
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3. Under contract
Usually 30–45 daysOffer, earnest money, inspection, financing, and the HOA application. Use the cancellation window after you actually receive the condo documents.
- Write the offer with a condo rider, inspection period, and a realistic close date.
- Inspect the unit and read association docs in parallel.
- Submit the board package the same week you go under contract.
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4. Closing
Last 7–10 daysClear to close, HO-6 insurance, cash to close, and the final walkthrough. Confirm the wire. Then homestead if this is your primary home.
- Bind HO-6 (and flood if required) before the lender’s deadline.
- Review the closing disclosure against your affordability worksheet.
- Walk the unit the day of or day before closing; keys come after funding.
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